Six months bills edged up 03 basis points to 17.31 (136 million rupees of bills sold) and 12-months went up 05 basis points to 17.09 percent (803 million rupees of bills sold).
The weighted average moved up 16 basis points to 17.86 percent. The 3-month cut off is estimated to be just under 18.05 percent.
Earlier in the day overnight call money traded at 13.25 to 14.25 with the Central Bank's artificially low policy rate of 12 percent leaving the bank without a grip over short term rates.
In the forex markets swaps deals were active earlier in the day at an implied 6-month rate as low as 19.25 percent compared to about 20.00 percent last week, dealer said.
In the spot market the dollar was quoted at 112.28/32 rupees with bids from state names putting a floor on the rate.
State names were quoting the around 113.28/35 compared to others at around